Hello I am new to stock. please help.
I find out that I can buy 4 times the equity for day trade. I want to know how to calculate the maintenance margin.
let say I have 25k in the account. I bought 1000 XYZ @ $100 per share. which is 100K.
how do I calculate the maintenance margin?![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
I find out that I can buy 4 times the equity for day trade. I want to know how to calculate the maintenance margin.
let say I have 25k in the account. I bought 1000 XYZ @ $100 per share. which is 100K.
how do I calculate the maintenance margin?